CCI Approves NIIF's Stake Increase in Ather Energy

• Ather Energy, an electric two-wheeler manufacturer, secured $71 Mn (INR 600 Cr) from National Investment and Infrastructure Fund (NIIF), valuing the company at $1.3 Bn post-money.
• NIIF was an investor in Ather's Series E round, which...

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𝟏.⁠ 𝐢𝐱𝐢𝐠𝐨, 𝐚 '𝐜𝐨𝐜𝐤𝐫𝐨𝐚𝐜𝐡 𝐬𝐭𝐚𝐫𝐭𝐮𝐩', 𝐢𝐬 𝐠𝐨𝐢𝐧𝐠 𝐩𝐮𝐛�...

• Ather Energy is planning to file its draft red herring prospectus (DRHP) with SEBI next week for an INR 4,500 Cr IPO, targeting a valuation of around $2.5 Bn.
• This move follows Ola Electric's public debut, which raised over INR 6,145...

• The Reserve Bank of India (RBI) has approved Jio Financial Services Ltd's conversion from a non-banking financial company (NBFC) to a core investment company (CIC).
• In November 2023, Jio Financial Services applied to the RBI for this...

• Ather Energy is preparing for its IPO, with Hero MotoCorp retaining its shares while founders and investors plan to sell.
• The IPO will include a fresh issue of shares worth Rs 3,100 crore and an offer for sale of up to 2.2 crore equi...